Insurable interest: Now you see it…

In the first part of this article, Tim Hardy, partner and Tracey Anderson, associate in BLG’s Reinsurance and International Risk team, look at the implications of the Law Commissions’ proposals for insurable interest on indemnity insurance. Part two, by Janet Lambert, partner in BLG’s Reinsurance and International Risk team, and Tracey Anderson focuses on how non-indemnity insurance will be affected

In January of this year the English and Scottish Law Commissions published their fourth Issues Paper. It contains their proposals for the reform of the law of insurable interest in relation to both indemnity and non-indemnity insurance.